Sircorp .... I agree with Mr47. Perhaps you could do more research into PRR (refer website, announcements etc).
re your comment of "issueing more capital" ... the $12m credit facility was organised prior to PRR shares taking off - at a time of desperation to "get them thru". Luckily circumstances changed & they have not needed to access these funds, the share price increased, they were able to bring in a major share holder (Freeman) for $1.5m a few weeks ago & prior to the shares spiking even though the announcement was only just made yesterday.
Hence no need to draw down on that $12m facility which is a last option, as they will now have more favourable funding options going forward.
Its a great story for patient investors v's daytraders !!
For Hamik et al .... these are my personal views & assumptions only !!
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Open | High | Low | Value | Volume |
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16 | 368763 | 0.285 |
34 | 1498654 | 0.280 |
6 | 185709 | 0.275 |
11 | 248398 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 192050 | 5 |
0.300 | 135983 | 5 |
0.305 | 89251 | 4 |
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